The Banks made another mess...........
Feb 7th 2008, 1:04 pm
#32
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Location: Ft Lauderdale, FL
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Re: The Banks made another mess...........
having good credit is not something that appears and re-appears with luck
having good credit go downhill is mostly due to financial stupidity or catastrophic medical bills
if you are fiancially stupid or not responsible you whould be renting rather than owning IMO
we have a 3 year ARM at 4.25% which was fantastic, and we recently refinanced at the end of the term into a 7 year arm at 6.25% which included interest only and cash out which jacked the rate a bit
mortgages aren't complicated, just sometimes people are greedy/stupid/mislead or a combo of all three...
having good credit go downhill is mostly due to financial stupidity or catastrophic medical bills
if you are fiancially stupid or not responsible you whould be renting rather than owning IMO
we have a 3 year ARM at 4.25% which was fantastic, and we recently refinanced at the end of the term into a 7 year arm at 6.25% which included interest only and cash out which jacked the rate a bit
mortgages aren't complicated, just sometimes people are greedy/stupid/mislead or a combo of all three...
Feb 7th 2008, 1:06 pm
#33
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Location: Ft Lauderdale, FL
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Re: The Banks made another mess...........
reg. frank R.
Feb 7th 2008, 1:13 pm
#34
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Joined: Oct 2006
Location: USA
Posts: 3,324
Re: The Banks made another mess...........
